Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 53.090 | 0 | 0.0000% / 8h | 3h 58m | $894 | $123K | 10x | Long SunX≤10% back | |
| SHORT | 52.940 | −0.0049 | pay 0.0006% / 1h | 58m 49s | $1.5M | $6.2M | 30x | Short QFEX10% back |
Price gap−0.283%
Funding gap−0.0049% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.141% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$2−0.0049% /8h now · paid +0.022% over the last 7D
Price−$14spread −0.283% now, avg −0.141% → −0.141% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$12−0.12%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.283%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hSOXS on 20 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage$1,000 + $333SunX 10x, QFEX 30x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.47Long SunX: 3 payments, $0.00; short QFEX: 24 payments, −$1.47.
- Watch: Gap narrower than usual−0.283% vs −0.141%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$894 vs $1.5M OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legSunX No · QFEX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0011%/8h × 21 periods+$2.22
Price spread−0.283% → −0.141% (7d avg)−$14.14
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee SunX bp × 2 orders−$8.00
Fee QFEX bp × 2 orders−$10.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: SunX: live order book, 41 min ago; QFEX: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX900.92doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTQFEX2.8212.4 bp−$12doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
SOXS news
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